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Kuwait's Zain May Invest in MidEast-Report - ASHARQ AL-AWSAT English Archive
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KUWAIT, (Reuters) – Kuwaiti telecom firm Zain is open to investing in communications and the Internet in the Middle East, its chief executive said in remarks published on Wednesday.

The state news agency KUNA quoted Nabil bin Salama as saying the company’s profits for the first half will be “good.” He did not provide any figures.

Zain sold most of its African assets to India’s Bharti Airtel in a $9 billion deal last month. It overhauled its management in line with its new strategy to concentrate on Middle East operations.

Bin Salama said Zain was interested in acquiring the telecoms company it operates in Lebanon, MTC Touch, if the government decides to sell it.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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